XRP News Today: XRP Targets Double-Digit Prices As Guardian Arch Resistance Breached

Generated by AI AgentCoin World
Tuesday, Jun 10, 2025 2:29 am ET1min read
XRP--

EGRAG Crypto, a prominent market technician, has introduced the concept of the XRP Guardian Arch, suggesting that it could pave the way for the cryptocurrency to reach double-digit prices. This analysis comes as XRP continues its recovery efforts, recently reclaiming the $2.3 mark. Previously, analyst The Great Mattsby had emphasized that until XRP breaks above $3.3, its price movements would lack excitement.

EGRAG's analysis focuses on the Guardian Arch, one of three critical curves on the monthly timeframe, which he believes is instrumental in XRP's current price dynamics. According to his data, the Guardian Arch has historically served as a significant resistance level for XRP. When this resistance is breached, it typically leads to higher prices. This pattern has been observed since 2014, with the Guardian Arch acting as a resistance level during various price peaks.

For instance, in December 2014, XRP reached $0.02803, but the Guardian Arch acted as resistance, marking the top of that cycle. Similarly, during the 2017/2018 bull run, XRP hit a peak of $0.3988 in May 2017, leading to a pullback and consolidation. However, after six months, XRP recovered and breached the Guardian Arch, reaching a new all-time high of $3.8 in January 2018. In April 2021, XRP soared to $1.96, but legal pressures from the SEC lawsuit prevented it from revisiting the Arch, marking the top for the 2021 bull run.

Recently, XRP met the Guardian Arch at the $3.4 price peak in January 2025, leading to a pullback and consolidation. EGRAG believes that XRP will follow the 2017/2018 price action rather than the 2021 movement. If correct, XRP still has another uptrend left in the current bull run. According to EGRAG, the measured move sets a target of $20 for when XRP breaches the Guardian Arch, with the possibility of a higher upsurge to $27, a price level he has consistently advocated for.

Looking ahead, EGRAG suggests that the next phase could be challenging for XRP, potentially leading to a significant price decline. He compares this potential downtrend to the 2021 drop, which resulted in an 86% decline. If XRP reaches the $27 level during this bull run, such a drop would align with the support at $3, corresponding to the Guardian Arch. While EGRAG expects XRP to reach double-digit targets such as $20 or $27, he advises investors not to attempt to time the market. Instead, he suggests taking profits at strategic levels rather than relying on a single target. Another market analyst, Mr. Xoom, has also recently suggested this approach.

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